Policies and Regulation Archives | Be Korea-savvy

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FSS Reveals 3 Task Force Measures

FSS Reveals 3 Task Force Measures

SEOUL, Apr. 26 (Korea Bizwire) — Telemarketers selling insurance over the phone will now have to pace their explanations at a certain speed to ensure consumer protection, one of many other new measures crafted by the Financial Supervisory Service (FSS). The FSS, drawing upon the expertise of external professionals to identify 177 specific tasks, created [...]

Ministry of Health Prioritizes Neighborhood Clinics with New Legislation

Ministry of Health Prioritizes Neighborhood Clinics with New Legislation

SEOUL, Apr. 26 (Korea Bizwire) — Patients opting to carry out surgical procedures at their neighborhood clinic will be able to get the specific lowdown on details of surgical procedures, treatment methods and post-op care through in-depth medical checkups and consultations. The Ministry of Health and Welfare revealed plans on Tuesday to pursue measures that [...]

Gov’t, Businesses to Establish SPC for Hydrogen Fueling Stations

Gov’t, Businesses to Establish SPC for Hydrogen Fueling Stations

SEOUL, Apr. 25 (Korea Bizwire) — The South Korean government and private businesses agreed to establish a special purpose company (SPC) to build hydrogen fueling stations to expand the infrastructure for emission-free vehicles, the commerce ministry said Wednesday. The Ministry of Trade, Industry and Energy signed a memorandum of understanding with local automakers, state-run utilities [...]

Experts Divided Over Comments Section Regulations

Experts Divided Over Comments Section Regulations

SEOUL, Apr. 24 (Korea Bizwire) — South Korean internet experts are voicing different opinions regarding regulations on the comments sections typically found on news websites following a recent online opinion rigging scandal. In the wake of the ‘Druking’ scandal, which involves politicians who are accused of rigging public opinion by using an automation program, some South [...]

Seoul Metro Halves Escalator Repair Time Using IoT Technology

Seoul Metro Halves Escalator Repair Time Using IoT Technology

SEOUL, April 17 (Korea Bizwire) — Seoul Metro has managed to cut its typical escalator repair time nearly in half using Internet of Things technology. The state-owned transport company said on Tuesday that the average time spent fixing an escalator dropped from 56 minutes to 37 minutes, down 37 percent, after the adoption of IoT technology [...]

South Korean Police Unveil Virtual Reality Training Program

South Korean Police Unveil Virtual Reality Training Program

SEOUL, Apr. 12 (Korea Bizwire) — A new virtual reality program that will be used to better prepare police officers for cases of sexual violence and child abuse is being launched by a South Korean police agency. The Gyeonggi provincial government and the Gyeonggi Bukbu Provincial Police Agency held a test event for the agency’s VR-based [...]

Busan City to Build Fashion Center to Help Foster Textile Industry: Official

Busan City to Build Fashion Center to Help Foster Textile Industry: Official

BUSAN, Apr. 12 (Korea Bizwire) — The Busan municipal government said Thursday it will build a fashion business center in the city’s central region to help foster the textile and fashion industry in South Korea’s second-biggest city. The six-story Busan Fashion Business Center will be built on 1,613 square meters of land in Beomil-dong with [...]